# 580 Indiana Avenue, Aurora, IN 47001

> **TL;DR:** 4bd/3ba residential multi family, $259,900 ($100/sqft), built 1940, 2,607 sqft.
> Fireplace, A/C. Est. $1,126/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $259,900 |
| Price/sqft | $100 |
| Bedrooms | 4 |
| Bathrooms | 3 full |
| Square Feet | 2,607 |
| Year Built | 1940 |
| Lot Size | 8,712 sqft (0.20 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 4 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,126 |
| **Total** | **$1,126** |

## Nearby Schools

- **Elementary:** Aurora Elementary
- **High:** South Dearborn High

## Key Amenities

- Fireplace
- A/C

## Property Highlights

- Built in 1940
- 0.20 acre lot
- 2 stories
- 6 parking spaces
- Fireplace

## Description

### Agent Description
Investor opportunity! 3 Unit Property located at 580 Indiana Ave, Aurora, In. This well maintained triplex offers stable rental income, strong rental history with long term tenants and all modern updates make this an excellent addition to any investor's portfolio. One 2 bedroom/1 bath unit is currently vacant. Two 1 bedroom/1 bath units are secured by leases through September and October 2026. Potential gross monthly income $2590 monthly or $31,080 annually. Tenants pay utilities, the landlord pays water and trash (approx $100 mo). Capital improvements include new roof, gutters, new windows, 3 high efficiency gas furnaces, 2 new central air units and new 3 zone heat and AC split system. Unit 1 has been completely gutted and updated. The basement has extensive foundation repairs including new I-beam, replaced basement entry wall and all new electric , plumbing and gas lines. For a list of all capital improvements, see attached documents. Cash or Conventional Only.

## Location

- **Address:** 580 Indiana Avenue, Aurora, IN 47001
- **County:** Dearborn
- **Coordinates:** 39.045184, -84.92345
- **Google Maps:** https://www.google.com/maps?q=39.045184,-84.92345

## Listing Agent

- **Name:** Kristy Theobald
- **Brokerage:** Lohmiller Real Estate
- **Phone:** (812) 584-6880
- **Email:** alohmiller@lohmillerrealestate.com

## Primary Photo

![580 Indiana Avenue - Primary Photo](http://lh.rdcpix.com/ef24b966fcc0c577963261d017ab1d6cl-f2939293476r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/580-indiana-avenue-aurora-in-47001-n207542)*

---

**MLS#:** 207542 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/580-indiana-avenue-aurora-in-47001-n207542)

---

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